My partner’s uncle is a conveyancer. I suspect that I'll be able to get preferential pricing for conveyancing, but if not, what kind of figure would I typically be looking at for conveyancing in Lymington?
It’s advisable to request 3 or more like-for-like conveyancing quotes. Do use our search tool on this page. You will notice that prices do contrast greatly but service levels do differ between conveyancers as is the case with the vast majority of professional services.
If you had a top tip for choosing a conveyancing solicitor in Lymington what would it be?
We would encourage you not to go for the cheapest Lymington conveyancing quote. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of the deal.
I have today made my last payment due on my mortgage with Nottingham. I assume I don't need a Lymington property lawyer on the Nottingham panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Nottingham mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Nottingham mortgage from the register. Nottingham, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Nottingham has sent the Land Registry the discharge electronically, and
- Nottingham has instructed the Land Registry to do so
Our sealed bid on a semi in Lymington has been accepted, but there is a chain. The vendors have offered on a property, however it’s not yet agreed to, and have viewings of other flats booked. I have instructed a local conveyancing solicitor in Lymington. What should be my next step? When do I get the mortgage application with Aldermore going?
It is normal to have anxieties where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is in the region of £1k, then survey, Lymington conveyancing search fees, etc). First, you must check that your conveyancer is on the Aldermore conveyancing panel. Concerning the subsequent stages this very much depends on the circumstances of your transaction, motivation for the property and on the state of the market. During a rising market some purchasers would apply for the mortgage with Aldermore and arrange for the valuation and only if it was satisfactory would they request their lawyer to press on with the conveyancing in Lymington.
I'm buying my first flat in Lymington benefiting from help to buy. The builders would not reduce the price so I negotiated 6k of extras instead. The estate agent advised me not inform my lawyer about the extras as it could put at risk my mortgage with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Should I be concerned about estate agents that I am dealing with are suggesting a web based conveyancing firm as opposed to a High Street Lymington conveyancing company?
As with many professional services, often input from relatives can be extremely useful or valuable. But there are many people with a vested interest in a conveyancing matter; estate agents, mortgage brokers and mortgage companies may suggest solicitors to appoint. Sometimes these solicitors might be known to one of the organisations as experts in their field, but sometimes there is an underlying commercial relationship behind the endorsement. You have the discretion to select your preferred lawyer. Don't forget that most banks specify a panel list of conveyancers you must use for the lender related work in your house move.
I have just started marketing my 2 bed flat in Lymington. Conveyancing solicitors are to be appointed soon, however I have just received a half-yearly service charge demand – what should I do?
Your conveyancing lawyer is likely to suggest that you should pay the service charge as you normally would as all rents and maintenance payments will be allotted on completion, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I own a leasehold flat in Lymington, conveyancing formalities finalised in 2001. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding flats in Lymington with a long lease are worth £202,000. The ground rent is £55 invoiced annually. The lease runs out on 21st October 2080
With only 56 years remaining on your lease we estimate the price of your lease extension to range between £29,500 and £34,000 as well as professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure in the absence of detailed investigations. You should not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before seeking the advice of a professional.